This week Asia’s community of real estate professionals sees another white face leaving CBRE’s mainland operations, a high-level Chinese fundraiser depart for personal reasons, and another old hand returns to Cushman & Wakefield’s investment team.
Joel Stephen has been promoted to Senior Director and Head of Retailer Representation for Asia at CBRE. The move, which is a step up for Stephen from his former responsibilities as Head of Retailer Representation for China, mean that the eight year veteran of the real estate agency will be stationed in Hong Kong, relocating from his former base in Shanghai. In his new role Stephen will be developing business, managing key retailer accounts across the region, and ensuring in-country delivery.
Teng Tianming has left his position as President of mainland fund manager China Asset Management, according to a company announcement late last month. Teng is leaving for what are said to be personal reasons, after just over two years with China Asset Management. The company is said to be considering Tang Xiaodong, deputy director general of the China Securities Regulatory Commission as a potential successor.
Eric Schaffer has joined Cushman & Wakefield as an Associate Director with the property consultancy’s Investment & Capital Markets team, based in Shanghai. This marks Schaffer’s second tour with Cushman & Wakefield, and reunites him with fellow returnee Mark Suchy, who now heads the company’s investment division in eastern China. Before rejoining C&W, Schaffer served as Associate Director for Investment at Paragon Partners Asia.
Philip Hy is now Senior Real Estate Specialist at JCPenney, based in Plano, Texas. Before taking on his new role with the US retailer, Hy had spent nearly a year as a research analyst with Jones Lang LaSalle in the real estate service provider’s Guangzhou office. Hy completed his master’s degree in real estate from Cornell University last year and also had experience working with Toll Brothers in California.
Winnie Li has joined the Macquarie Group as a Human Resources manager in the Australian financial services company’s infrastructure and real estate assets division. Continuing to be based in Shanghai, in her new role Li will be in charge of establishing human resources processes and procedures for the unit of Macquarie’s fund’s group. Previously Li spent more than four years with CBRE as the head of recruitment in its Shanghai office, where she was responsible for finding fresh blood for the company during a period of startling turnover, particularly in senior management echelons.
Shuilin Chua has joined UBS as Regional Corporate Services Specialist for Asia Pacific with the Swiss financial services provider. Based in Singapore, the Ngee Ann Polytechnic graduate began her new role last month after spending more than four years with JLL. At the real estate service provider Chua most recently was in charge of soft services at the 500,000 square foot (46,000 sqm) Marina Bay Financial Centre office of SCB.
No’man Marsuni is now Business Development Manager at Colliers International Singapore where he works in the company’s Facilities Services division. The new role is a step up for Marsuni as the real estate services provider, after he served as a Manager with the company for just over a year. Prior to joining Colliers the Singapore Polytechnic graduate spent more than two years with facilities services provider Sodexho.
As usual, if you know of other China real estate professionals changing their jobs, getting promoted or just doing something exciting, please feel free to share with the rest of the community here at Mingtiandi.